A proposal by the authorities in Abuja’s department of education to charge a 5% tax on tuition fees for students in private schools is infuriating proprietors, and promises to set …
Tax
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BusinessNews
Tax evasion: Tribunal orders AEDC to pay N5.3 Billion tax liability for four years
by Adminby AdminThe Tax Appeal Tribunal (TAT) sitting in Abuja, on Thursday, ordered the Abuja Electricity Distribution Company (AEDC) Ltd to pay the cumulative sum of N5.3 billion as value added tax …
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BusinessNews
Relief as FIRS waives penalties, interests on outstanding tax liabilities
by Adminby AdminRelief has come the way of taxpayers and businesses as the Federal Inland Revenue Service (FIRS) has granted them full waiver on accumulated penalties and interests for outstanding tax liabilities. …
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BusinessNews
African Union ululates as global south get tax resolution through at UN
by Adminby AdminIn a cautious note that belies the surprise of the global north, African countries and others in the global south have succeeded in getting a substantial concession to facilitate the …
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BusinessNews
Foreign shipping companies lifting crude oil must comply with Nigeria’s tax laws—FIRS chairman
by Adminby AdminThe chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. …
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BusinessNews
President Tinubu vows to end over-reliance on borrowing for public expenditure
by Adminby AdminPRESIDENT TINUBU VOWS TO END NIGERIA’S OVERRELIANCE ON BORROWING FOR PUBLIC EXPENDITURE … sets 18% Tax to GDP target in 3 years President Bola Tinubu on Tuesday in Abuja expressed his …
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Business
Reps approves N579.6BN FCTA 2023 budget as Minister sets up committee to harmonise tax collection
by Adminby AdminThe House of Representatives has approved the sum of N579,693,907,532.00 for the Federal Capital Territory Administration (FCTA) as its expenditure for the 2023 fiscal year. The budget, which was passed …
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Features
Two Ministers’ arrogance and how Nigerians may pay more for telecom services from June
by Adminby AdminBy Sonny Aragba-Akpore Communications and Digital Economy Minister, Dr.Isa Pantami appears to have good intentions as he spiritedly canvassed for a reversal of the five percent excise duties on telecommunications …
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The Chairman of the African Union High Level Panel on Illicit Financial Flows (IFFs), H.E. Thabo Mbeki has made a spirited call for a United Nations Tax Convention to halt …
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News
Court jails two ex-FIRS Chiefs 5 years each without fine option over income tax certificate forgery
by Adminby AdminBy Yemi Oyeyemi, Abuja. A Federal High Court in Abuja on Wednesday sentenced two former top shots of the Federal Inland Revenue Services FIRS, Mohammed Adamu and Eunice Okoro Udokamma …